Electricity tariffs down by 1.52%, water up 0.34% from Dec 1

The Public Utilities Regulatory Commission (PURC) has announced that from December 1, 2023, to February 29, 2024, electricity tariffs will be reduced by 1.52% and water tariffs will be increased by 0.34%.

This is in line with the commission’s quarterly review mechanism, which takes into account factors like the exchange rate between the US dollar and the Ghana cedi, inflation rate, electricity generation mix, and the cost of fuel, mainly natural gas.

These adjustments are made to ensure that the utility service providers remain financially viable to continue providing quality services to consumers.

• Minority accuses gov’t of abandoning Greater Accra Reg. Hospital Phase 2

A statement dated Thursday, 23, 2023, signed and issued by the Executive Secretary of the PURC, Dr Ishmael Ackah, stated that the adjustments to the existing electricity and water tariffs were undertaken on a quarterly basis to maintain the real value of the tariffs, thereby keeping the utility service providers financially viable to enable them to deliver on their services to consumers.

He said in addition, the commission considered the competitiveness of industries and the general living conditions of Ghanaians.

“After robust analysis, the commission wishes to announce a reduction of 1.52 per cent (-1.52%) in the electricity tariff.

“Water tariffs have increased by 0.34 per cent for the fourth quarter of 2023,” he said.